Nevada vs. New York Incorporation Comparison

Nevada vs. New York Incorporation Comparison

New York’s Corporate Income Tax is moderate at 7.1%, but the Tax Foundation rates New York 47th in overall business climate. New York State Property Taxes are nearly the highest in the nation. Nevada Rates highest for on the Tax Foundations Corporate Income Tax ranking since Nevada does not have Corporate Income Tax. Nevada Corporations also enjoy a higher degree of corporate asset protections than New York with Series LLC, Statutory Indemnification of Officers, Directors and Employees. Nevada also has the highest standard of Corporate Veil Protection. See the graph below for a complete comparison of the benefits Nevada incorporations have over those done in New York: